How much will johnny boy have to pay for this treasury bill

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Reference no: EM131962811

Johnny Boy will purchase a 1 year treasury bill with a face value of $500,000 at an interest rate of 6.25%. How much will Johnny Boy have to pay for this treasury bill?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131962811

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